According to a report by The Block, analysts from JPMorgan believe that if the new Solana and XRP exchange-traded funds (ETFs) are approved, they could attract up to $13.6 billion in funds within the first 6 to 12 months.
According to a research report shared with The Block on Tuesday by JPMorgan, analysts estimate that Solana-related fund products could attract $2.7 billion to $5.2 billion, while XRP ETFs could bring in $4.3 billion to $8.4 billion, depending on regulatory progress and investor interest.
Issuers such as VanEck, 21Shares, Bitwise, WisdomTree, and Canary Capital are planning to launch various altcoin ETFs later this year. However, analysts point out that “applications for tokens such as SOL, XRP, HBAR, and Litecoin (LTC) have not yet received the attention of the SEC,” but the new SEC chairman may provide confirmation within the next three to six months.
While the launch of SOL and XRP funds would be a significant positive for their respective ecosystems, JPMorgan analysts expect that the impact of the “next wave of cryptocurrency” ETFs will not be as significant as the first wave and the demand will be limited compared to Bitcoin and Ethereum fund products.
Related reports: “Bloomberg ETF Analyst Predicts More Cryptocurrency ETFs to be Approved Next Year.”
